Friday, December 2, 2011

At 103 I think Vinia Hall has earned her right to spend her time left right where she is!!!

I had to read the first part of the story twice just because I couldn't believe it even got to that point in the foreclosure process.

After a bank issued an eviction notice for a home in Northwest Atlanta, sheriff's deputies and movers went to the residence to remove the people who lived there. But when they found Vinia Hall, 103, and her daughter, Vita Lee, 83, the movers and deputies decided not to follow through with it.
According to WSBTV, the women had been engaged in a long legal battle with Deutsche Bank, thefinancial giant accused of widespread mortgage fraud by the U.S. government earlier this year and is the focus of a $1 billion lawsuit filed by the Justice Department. In November, Deutsche Bank paid $165 million to settle a suit claiming that it had misled credit unions about the risk of securities tied to mortgages.
According to the Atlanta Journal-Constitution, Ali Muhammad, Hall's grandson, took out a second mortgage on the house from Deutsche Bank National Trust. Although Hall lived in the residence for 53 years, Muhammad was listed as the owner. In 2009, Deutsche foreclosed on the property, according to the paper. (The loan is now controlled by Chase Bank.)

The Journal-Constitution reported that Mayor Kasim Reed of Atlanta, Derrick Boazman, a former city council member, and Vincent Ford, a state senator, all intervened to keep Hall in her longtime home.
“[Chase] should write this off at a loss,” Boazman said.
"I saw the sheriffs, who came to put them out, take off and leave. I gave all glory to God," community activist Michael Langford said.
"Please don't come in and disturb me no more," Hall said. "When I'm gone you all can come back and do whatever they want to," Hall said.
Hall is set to turn 104 in three weeks. 

This is just such a sad example of what the entire United States economy has become. Entire communities left barren and undeveloped because buyers stopped paying, then buyers stopped buying all because either the banks stopped lending or they made it extremely hard to qualify. And that was IF you had a job, so many parts of the country are stuck in that cycle of joblessness and it's over-burdening the welfare systems everywhere. Some places are at all time highs for unemployment and they continue to set new records month after month. The welfare system isn't meant to help everyone at the same time. When it's came to the point that we have police sent out to do the dirty work of some multi-billion dollar bank and evict some 103 year old women theres something wrong. How did banks get bailout money and then just keep it and stop lending? How can they say no to us when we are the ones that gave them the money in the first place? And then they loan out the money they got a basically 0% loan on at 1% or whatever and make billions. WHO DOES THAT MAKE SENSE TOO?

So, how do you think they should have handled this women? Thank god that someone showed some common sense and figured out another way to handle the problem.